# Taxation of Chargeable Gains Act 1992, Paragraph 17


The percentage which is P's indirect share of the partnership through a particular direct interest company that is a member of the partnership (“company DICP”) at a particular time is given by—
R × V × 100where—
R is the fraction of company DICP's ordinary share capital that is owned by P at that time, and
V is the lower of—
(a)the fraction of the profits of the partnership in which company DICP has an interest at that time, and
(b)the fraction of the assets of the partnership in which company DICP has an interest at that time.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/17 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7ZA/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.